{"path":"/breakdowns/spent_volume_profit_sum_by_lth_sth","tier":3,"parameters":{"a":["DOGE"],"c":["native","usd"],"f":["csv","json"],"i":["10m","1h","24h"]},"queried":{"a":"DOGE","path":"/v1/metrics/breakdowns/spent_volume_profit_sum_by_lth_sth"},"refs":{"docs":"https://docs.glassnode.com/basic-api/endpoints/breakdowns#get-v1-metrics-breakdowns-spent_volume_profit_sum_by_lth_sth","studio":"https://studio.glassnode.com/charts/breakdowns.SpentVolumeProfitSumByLthSth","metric_variant":{"bulk":"/breakdowns/spent_volume_profit_sum_by_lth_sth/bulk","pit":"/breakdowns/spent_volume_profit_sum_by_lth_sth_pit"}},"bulk_supported":true,"timerange":{"min":1386475200,"max":1793990400},"modified":1793994805,"descriptors":{"name":"Spent Volume in Profit by LTH/STH","short_name":"Spent Volume in Profit by LTH/STH","group":"Spent Volume","tags":["on-chain","volume","cohorts","long_term_holder","short_term_holder","profit_loss","realized_profit_loss"],"description":{"default":"**Definition.** The total volume of coins sold at a profit, segmented into long-term holder (LTH) and short-term holder (STH) cohorts. A sale is in profit when the sale price was higher than the acquisition price. [Spent Volume in Loss by LTH/STH](https://studio.glassnode.com/metrics?a=BTC\u0026m=breakdowns.SpentVolumeLossSumByLthSth) is the loss counterpart, and [Spent Volume by LTH/STH](https://studio.glassnode.com/metrics?a=BTC\u0026m=breakdowns.SpentVolumeSumByLthSth) is the total.\n\n**Technical.** Long-term and short-term holder supply is defined with respect to the address's average purchasing date, with weights given by a logistic function centered at an age of 155 days and a transition width of 10 days. Breakdowns use an [address-based approach](https://research.glassnode.com/account-based-metrics/), analyzing transactions and holdings at the wallet-address level to keep results comparable across digital assets and consistent across different blockchain architectures. This contrasts with the UTXO-based approach available for some chains (e.g. Bitcoin), and cross-method comparisons may show small deviations. Profit and loss are measured against each address's average acquisition price. For BTC, ETH and ETH tokens, spends are netted per address per block, which removes change; for DOGE, TRX, XRP, TON and TON tokens, all transfers are counted. For ETH tokens, burn addresses are excluded.\n\n**Interpretation.** Surfaces how profit-making sale volume splits between long-term and short-term holders. Answers questions of the form: are long-term holders realizing profits more frequently than short-term holders?\n"},"data_sharing_group":"onchain"}}